If you haven't noticed, there's a lot going on in the world of international finance, and most of it is highly confusing if not entertaining. Last Thursday, for example, I pointed out in my  News and Views from the Nefarium that the story of the efforts of Germany to repatriate its gold has become almost farcically self-evident attempts to disguise massive fraud in the system. Germany wanted some 80+ tons of its gold back from the Federal Reserve system, and what it received as a mere five tons, five tons that had been recast at that.

Well, the saga continues, this time in the Vatican of Pope Francis the First, as he appears to  be re-arranging the cathedra ... er... chairs, in the Vatican Bank, the Institute for Religious Works (and my thanks to all of you who sent me various versions of this story), and I suspect there's a hidden story here linking it to the German Gold Farce, but we'll get to that.

Herewith one version of the story:

Pope Francis shakes up Vatican Bank supervisory board

Now there's so much fuel here for our usual high octane speculation that one could have a bonfire, but, lest we invoke old inquisitional and Albigensian temptations for the Church of Rome, we'll stick to a few basic speculations.

The background for all this musical cathedras is summarized at the end of the RT piece:

"In the middle of 2013, Pope Francis appointed a trusted friend, Monsignor Battista Ricca, to occupy the post of supervisor and appointed an independent commission of inquiry to examine the activities of the bank and its legal status. 

"His team shut down many of the suspicious accounts held in the bank and asked the Promontory Financial Group to audit the institution and bring it up to international standards.
"Pope Francis has vowed to reform the bank or close it down completely after a series of scandals that tainted the reputation of the Holy Sea and the institution responsible for its charity around the globe.

"Last July, IOR director Paolo Cipriani and deputy-director Massimo Tulli resigned, three days after the arrest of Vatican accountant Monsignor Nunzio Scarano on charges of plotting to smuggle 20 million euros ($26 million) into Italy from Switzerland.

"Dubbed "Monsignor 500", the man is currently on trial in Rome on the smuggling charge and is also under investigation for money-laundering Vatican accounts.

"In a 2010 scandal, Italian police seized 23 million euros from an IOR account. At the same time authorities launched an investigation against IOR's then-president, Gotti Tedeschi and director Paolo Cipriani for alleged money laundering from a Vatican account at an Italian bank. The money was later unfrozen and Gotti Tedeschi was exonerated as a suspect, while Cipriani hasn't been charged.

"In 2012, JPMorgan, an American financial giant closed its IOR accounts while Deutsche Bank Italia stopped its 15-year term providing electronic payment services to the Vatican.

"In October 2013, for the first time in its 125-year history, the Vatican bank disclosed its annual financial report to the public, showing a total of 4.98 billion euros in assets and 769 million euros in equity funds."

Now, recall a few weeks ago I blogged about the fact that the Vatican Bank had hired a prestigious accounting firm, the same firm, in fact, that is the auditor of record for Lloyds of London, and the Bank of International Settlements. So we may entertain the suspicion that these Musical Cathedra moves are perhaps the result of preliminary findings. But also note that this firm is not the firm now being mentioned in  the RT article... so, question one: are there now two firms auditing the (evidently very large) Vatican bank, or did the new one replace the previous one, and if so, why was there not more media attention to the event?

But I suspect the real story lies here:

"Pope Francis appointed four cardinals to give new blood to the five member body tasked with overseeing the reform inside the very secretive institution. The new members of the consortium are the Secretary of State, Cardinal Pietro Parolin and Francis’s close friend Cardinal Santos Abril y Castello. The other new members are Cardinal Christoph Schoenborn, Archbishop of Vienna and Cardinal Thomas Collins, Archbishop of Toronto. The one holdover was French Cardinal Jean-Louis Tauran."

Note the presence of Christoph Cardinal Schoenborn, Cardinal Archbishop of Vienna.  I suspect that there may be much more here than meets the eye, and to understand what it might be we need to refer once again to the late Fr. Malachi Martin, and to his novel, Vatican, a thinly disguised book of "fiction." There, Martin makes several points scattered throughout the book, but basically the argument is this:

  1. After the end of the papal states during the Italian revolution, the papacy in order to conduct financial business, made a secret "bargain" with what can only be qualified as "the high Masonic powers of Europe" in order to gain access to international banking; the Institute of Religious Works is one fruit of this bargain;
  2. Part of this "bargain" included secret access to the proceedings of papal conclaves, and a right to veto any papal candidate if elected.

It is the second of these with which we are concerned, for in a way, this aspect of "the bargain," to use Fr. Martin's term, was confirmation of a right traditionally accorded to the Hapsburg emperors of Austria, in view of the financial and geopolitical consequences that papal elections usually had on that empire. In Fr. Martin's hands, however, this covert relationship with the Hapsburgs became the entry point for other Western financial and geopolitical interests into the Vatican's bank and finances. The presence of Cardinal Schoenborn thus suggests that this old relationship is being represented in any "reform" of the bank.

But there are other odd things we must mention - speculations - and that concerns the timing of all of this, namely, why would this effort to reform the Vatican bank occur now, amid all the quests by Germany to repatriate its gold, and amid the economic turmoil of Europe and the world, and recent pull-outs of major banks of their relationship with the Vatican (namely, JP Morgan, mentioned in the article).

Recall in this respect that the Vatican was the conduit for much of those covert slush funds based on the postwar appropriation of General Yamashita's Gold and that it was the transition point for a great deal of Axis loot leaving Europe as well...  it's that history that I suspect is underwriting much of the musical cathedras at the Vatican bank, and it's that history that, I'll wager, we'll see little disclosure during the "audit process," for remember, Emperor Hirohito deposited much of his ill-gotten gain with...

.... oh, I think you probably already know...

See you on the flip side.




Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. basta on January 26, 2014 at 6:54 pm

    A Vatican fruitcake! These posts bring out all the nuts.

    • terminally skeptical on January 26, 2014 at 10:26 pm

      • Robert Barricklow on January 27, 2014 at 9:53 am

        Loved it !!!

      • basta on January 27, 2014 at 3:54 pm

        Priceless! And timeless!

      • Don B on January 27, 2014 at 5:10 pm

        Great humor. I miss it.

        • terminally skeptical on January 27, 2014 at 7:44 pm

          Haha, yes dems was da days. The Vatican missed their chance by not hiring Don Novello as their ombudsman.

  2. marcos toledo on January 26, 2014 at 4:29 pm

    Hopefully Pope Francis is better protected and insured since The Vatican Bank seems to have been a sanctified BCCI for sometime. A task of Herculean labors cleaning the stables of The Institute For Religious Works awaits Pope Francis1. May he succeed in his mission for the good of us all.

    • Robert Barricklow on January 26, 2014 at 5:56 pm

      I hope your right marcos toledo.
      There have been so many who have played a role, that
      when the genuine article, so to speak, comes along…???

      I liken it to “Cool Hand Luke”,
      who pretended,
      …until he got the keys.

      Here’s to Pope Francis driving the money changers out of the temple
      and turning the tables in favor of the peoples’ spirit.

  3. LSM on January 26, 2014 at 3:10 pm

    ” the reputation of the Holy Sea and the institution responsible for its charity around the globe”- since when has the Vatican been charitable?- it sponsors most world charities (all corrupt) but doesn’t pay into them- only duped, naive paying parishoners fall for this scam-

    then start with the con-artist/fraud known as Mother Teresa (beatified by the Vatican)-

    am still not convinced Pope Francis is a 100% good guy; I think the last “good guy” to try to expose the Vatican was Pope John Paul 1: he only lasted 33 days (can we all say Freemasonry?) so if Francis is really trying to gut and reform the Vatican why is he still alive?- people have killed for less…

    • jedi on January 26, 2014 at 3:17 pm

      a lot of little boys and girls thank them for losing there humanity, sanity….and virginity.

  4. terminally skeptical on January 26, 2014 at 1:59 pm

    Looks like the thievery has been going on for so long already that it was high time to put an air of respectability back on at least the front door of The Vatican catacombs, that is, the door illuminated by the plebeian news spotlight.

    Time for a Pope’s soliloquy:

    There’s a new undeclared shell game in town and it’s called, “Which of these cardinals?”. Keep your eyes on the men in red, ladies and gentlemen. They’re here to help clean the house. That’s four at the front of the building for your inspection and one will be tidying up a bit in the back. They’re not fussy about who vacuums, scrubs, dusts off the wine rack or does the laundry and that’s why we’re putting the guy from Vienna in the back. And I know what some of you are thinking, why have a Teuton do the tuck-pointing when there’s an Italian in the house but I assure you, he’s really good with Masonry.

    • jedi on January 26, 2014 at 2:02 pm

      witch which is witch?

    • terminally skeptical on January 26, 2014 at 2:02 pm

      that is, respectability back on the front door and for the few who might be watching a new front on the back door.

      Gotta love those tunnels . . . .

      • jedi on January 26, 2014 at 2:16 pm

        as long as they vector correctly…. those mason sure know how to point up those bricks….the white cliffs of dover come to my minds eye for some reason.

        • terminally skeptical on January 26, 2014 at 2:27 pm

          There once was a pope named Francis
          With headdress and staff he quickly dances
          So deftly he wards off derision
          Whilst maintaining his tunnel vision.

          • jedi on January 26, 2014 at 2:38 pm

            there once was a angel named mike
            who said it was from an ark of light
            the plebes heard a ring ..a ding dong ding
            then had him for supper
            and cast a dime in his honor.

          • terminally skeptical on January 26, 2014 at 2:51 pm

            Dang Jedi, I think I’ll have some of what you’re drinkin’

            Red rover, red rover
            Calling cliffs of Dover . . . .

          • Robert Barricklow on January 26, 2014 at 2:53 pm

            How about that change of tune?
            From kicking the money changers
            out of the temple – to dancing to
            the tune of Ka-Ching! Ka-Ching!

          • jedi on January 26, 2014 at 3:01 pm

            working on re writing “my boyfriends back”

            so far where the shrang lee la s sing about taking a permenant vacation
            I rewrote it….your about to face permanent extinction…
            with the chorus singing….he ley he ley
            we are back.
            yaaa we know youve bee n lying
            yaaa we know that youve been spyin

            TS the usual, fluoride and alcohol…

          • terminally skeptical on January 26, 2014 at 3:18 pm

            Ka-Ching! Ka-Ching!? You won’t beat their house band with that request. They been playing it for some time already and know the words in their sleep. Now the I Ching, well that’s a different story. It might have them nervously looking over their shoulder at the omens and foretelling of the celestial winds of change.

          • Robert Barricklow on January 26, 2014 at 4:24 pm

            Or, meeting the “real deal”; who, in deed, practice what they preach. These kindly spirits dance with swords, just to too keep smooth.Sso when the curtain rises, the devil’s asses are being kicked left and right – out of the temples,.
            That’s a tune for souls that can dance with swords, while kicking the devil’s ass, and …leveling the playing field.
            And yes, I Ching, is another name of that tune

  5. DownunderET on January 26, 2014 at 1:48 pm

    Financial shenanigans in the house of God, would somebody like to tell me why there is an Egyptian obelisk smack bang in the middle of St. Peters square?

    And which secret society is deeply steeped in Egyptian stuff?

    If you sleep with dogs, you get up with fleas.

    Humanity will not be free until the last Pope is strangled with the entrails of the last King.

    • jedi on January 26, 2014 at 1:57 pm

      sure…Peter holds a key, and points towards the obelisks when on the winter equinox it shows orion, the bull taurus and points to a invisable star right next to the pleades….the 7 sisters.
      Actually Rome is laid out on the ground with the same star map.

      as i have said a million times before on this site, to blinded eyes and deaf ears….as above (the STARS so below a star map laid out) Astro physics…ahem.

      Peter means father… ll deny the true father which is the sun peter 3 times before a doodle doodle do, ….the sun moves one degree every 3 days.

      • jedi on January 26, 2014 at 2:04 pm

        oh, and the obelisk represents the light vector….which is how information, including your dna make up, was transported here originally.
        a long time ago, from a galaxy far far away.

        • jedi on January 26, 2014 at 2:26 pm

          which…dont know how to break this to you, but… why fill a dolphin with freedom….you know dolphins whistle and bee p, like the garbage can r2d2…and the Japs like to slaughter dolphins in there mating grounds….sorry I digress, Philadelphia has a cracked bell, that doesn’t ring true…..something to think about….the Delphi that is.

        • RAJM on January 30, 2014 at 12:58 pm

          At the moment of conception there is only perfection. DNA information then muddies the waters.

      • p on January 26, 2014 at 2:16 pm

        The sun moves one degree every day.

        • jedi on January 26, 2014 at 2:29 pm

          ohh…a double talkin smarty….it also preforms a 8 in the sky, during a working mans productive time on earth.

        • jedi on January 26, 2014 at 2:33 pm

          I was of course referring to the suns measurement taking from the n hemisphere…in the morning, …..

          the slaves use to worship the priest, who after a lot of dancing, killing, and one on one talks with god, and of course the virgins..hehe….would make the sun return…..oh those slaves were so happy the sun was returning.

          • jedi on January 26, 2014 at 3:08 pm

            thought that would end this thread…

            and I was just about too explain nuclear fusion.

    • LSM on January 26, 2014 at 3:32 pm

      the largest effigy in the Vatican courtyard is a pine cone in a chalice with an opened sarcophagus next to it; can we all say pineal gland (pine cone shaped) and the open coffin meaning there is no death?- too bad the Vatican isn’t practicing what it’s preaching

      • terminally skeptical on January 26, 2014 at 3:52 pm

        LSM, practices what it preaches? I’m gonna take a wild guess that you haven’t been tithing lately to secure your spot in the hereafter.

        With no small amount of irony Jedi might have to do just that. Since he’s confessed to flouride being in his cup I’m thinking his pineal gland might already be ossified, trashed and ruined. (Jedi are you listening?)

        Oh well, sometimes it’s the journey, not the destination that counts more.

        • jedi on January 27, 2014 at 6:31 am

          terminal, …..yes I am listening… the comedy is getting a bit tragic.

          …the wine helps those with an operating pineal gland cope in this world of STRANGE people….remember the dental chair in Star Wars….lol, bruise the head with fluoride.

          • terminally skeptical on January 27, 2014 at 5:40 pm

            Uh huh, tragic comedy is about as close to the classics as I get, more sick than class you might say.

            And the dental chair? Well still more arrested development. I’m coming up short on memory as I never made it past the Next Generation and probably only saw a fraction of those. I’d be busted, charged with loitering, maybe even thrown out, within 5 minutes at a Trekkie convention. But the fluoride might be a useful alibi if confronted by those who expect more than I can deliver.

      • jedi on January 26, 2014 at 3:58 pm

        now about those pomegranates on the sleeves….any ideas?

        the pine cones grow a conical shaped tree….with stars around it in the form of lights….nah…too simple minded.

        dont ewe forget about me.

  6. DanaThomas on January 26, 2014 at 10:39 am

    Promontory seems to have close connections with the Anglo-American financial oligarchs and according to the “Wiki” entry specializes, among other things, in “cyber security”…

  7. Robert Barricklow on January 26, 2014 at 9:48 am

    Suppose some “financial event” is in the works.
    And the outcome is a “given”…
    …As long as “everyone”

    is on the same page?

    • jedi on January 26, 2014 at 10:05 am

      Thats the way it worked…until now…

      any Jedi worth his salt would sense a “trap”.

      lets spring there trap.

  8. jedi on January 26, 2014 at 9:40 am

    speaking of the churches problems….

  9. basta on January 26, 2014 at 8:51 am

    I find it most “amusing that both JPMorgan and Deutschebank, who were once happy as the proverbial pigs in **** with the corruption permeating the Vatican bank, then decided to cut their ties once Francis really put teeth into efforts to clean up its act. This alone speaks volumes upon volumes, but not about the IOR, rather these low-life banksters.

    As for timing, there is nothing remarkable about it: Francis has come in with a massive mandate for top-to-bottom house cleaning, and that is what he is doing, striking while the iron is hot, at the outset of his papacy. It is completely logical he do so now, with the strongest momentum available to him.

    His agenda is simple–re-establish the Church’s moral authority–which is its ultimate source of its power. Without that, all the rest means next to nothing. So of course he’s doing all he can to clean up the IOR ASAP, he would be negligent to do otherwise.

    • LSM on January 26, 2014 at 4:47 pm

      “His agenda is simple–re-establish the Church’s moral authority–which is its ultimate source of its power”- I assume you meant this as sardonic humor-
      if not, since when has the Church had any morals?- look at all the world’s atrocities commited by the “Church”

      • basta on January 26, 2014 at 6:49 pm

        Sneer if you will with smug self-righteousness; I know full well the Church’s atrocities, as I do all the atrocities of all the “players” on this earth.

        And so I stand by what I wrote: this is Francis’s mission, to re-establish the Church’s moral authority. I care little whether you think it is a joke or not that the Church is attempting such a project, but nonetheless that is clearly and publicly its agenda.

        Sometimes, looking around seven corners leads to nothing but confusion and dislocation.

        • Don B on January 27, 2014 at 6:24 am


          Thank you for bringing a bit of sanity to this forum.

        • LSM on January 27, 2014 at 8:54 am

          Hi Basta-

          I sneer at nothing and have no self-righteousnous, let alone at you- would be beneath my niveau- not my style- so I apologize profusely if you understood my commentary as looking down my nose at you- was not the case at all- not my style-

          I truly hope and pray you are right about Pope Francis; I guess we’ll just have to sit back and wait awhile to see if this dude will be able to accomplish what he has supposedly set out to do (according to someone as rightly controversial as B. Fulford, Pope Benedict was told to resign or else be killed to allow Francis to clean up the mess- but Fulford’s views are always debateable)-

          anyway, I reiterate: I hope you’re right about Francis; but I’ll believe it when I see it-


          Larry in Germany

          • basta on January 27, 2014 at 3:39 pm

            Lieber Larry, enschuldigung! I’m very sorry I was snappy and that I completely misread the intention of your reply. My apologies!

            I’m as sceptical as they come but Francis really has a heavy charge which he bears lightly, and so far I do think he is working responsibly toward his goals.

            Fulford I am much more sceptical about than Francis.

  10. jedi on January 26, 2014 at 8:39 am

    The first pope was named Francis…he was one of two who retired and became a Aristotle type hermit. So that would make 2 popes on the throne. She sits a queen but is no widow..

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